Small and Emerging Business Development Program in Armenian Provinces with Scholarships for Women

In November 2022, the American University of Armenia (AUA) Open Education launched the “Sarkis Cabayan Small and Emerging Business Development Program in Armenian Provinces with Scholarships for Women.”

The goal of the program is to promote the development of businesses in the regions of Armenia, providing particular support to women entrepreneurs. The curriculum was prepared by the faculty of the AUA Manoogian Simone College of Business & Economics and invites entrepreneurs to participate in an intensive six-month course on entrepreneurship, business management, financial management, and finding new markets. In tandem with the main program, foreign and local mentors will provide individual and practical advice to students, aimed at the development of their businesses and the launch of new ideas. The training will be conducted in English, which is why the program opens with English language lessons before students start the business course.

The program is sponsored by Armenian-American Dr. Hrayr Cabayan who, emphasizing quality education and the role of women in a developed society, established a full scholarship for all female entrepreneur students in his father’s name.

The diverse businesses represented by the applicants of the first cohort are impressive and include ventures such as greenhouse vegetable production, handmade leather products, personal and professional skills development centers, apparel design and production, handmade souvenirs production, guesthouse and tourism, apitourism, handmade paper products from recycled materials, among others.

The program will be implemented in the Shirak, Lori, Tavush, Vayots Dzor, and Syunik marzes of Armenia, as well as in Artsakh.

To participate in the program, please fill in the following application form by May 21, 2023.